Michael Saylor's Strategy Sold 32 Bitcoin at $77,135; Then Piles $101 Million Back in at $65K

[https://www.ibtimes.co.uk/michael-saylor-strategy-buys-1550-bitcoins-1801669](https://www.ibtimes.co.uk/michael-saylor-strategy-buys-1550-bitcoins-1801669)

Days after Michael Saylor's Strategy offloaded 32 BTC at $77,135 per token, the largest corporate BTC holder in the world disclosed in a Monday 8-K filing with the US Securities and Exchange Commission (SEC) that it purchased 1,550 Bitcoins at an average price of $65,332 per token between 1 June and 7 June.

The purchases were funded using proceeds from at-the-market sales of its class A common stock. Last week, the company sold over 1.4 million class A shares for around $181 million in proceeds.

Strategy also boosted its USD reserves to $1 billion as of 7 June, up from $900 million as of 31 May.